2011 (2) TMI 1106

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....r Counsel with Ku. Veena Mandlik, learned counsel for the appellant. 2. Heard on the question of admission. 3. This appeal under section 260A of the Income Tax Act, 1961 (for short "The Act") is directed against the order dated 6.04.2010 passed by Income Tax Appellate Tribunal, Bench Indore (for brevity "The Tribunal") in I.T.A. No.74/IND/2010 for the assessment year 2004-05. 4. Briefly s....

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....ld not substantiate his claim in that regard. Accordingly, the Deputy Commissioner of Income-tax, Indore vide order dated 14.05.2009 held the assesses guilty of concealment and ordered for penalizing him under section 271(l)(c) of the Act. In appeal, the CIT (Appeals) affirmed the findings of the Deputy Commissioner, Income-tax, Indore. 6. Aggrieved, the assessee filed an appeal before the Trib....

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....ent to hold that the assessee has concealed the particulars of income. The Tribunal also noticed that there was no deliberate mistake in the original return, nor there is concealment of particulars of income. In the circumstances, the Tribunal set aside the finding recorded by the Deputy Commissioner as also Commissioner of Income-tax. 7. Having heard learned counsel for the appellant, we find ....